5 QS 11-5 Issuance of common stock LO P1 Prepare the issuer's journal entry for each of the following separate transactions. 1.11 points a. On March 1, Atlantic Co. Issues 43,500 shares of $4 par value common stock for $300,500 cash. b. On April 1, OP Co. issues no-par value common stock for $72,000 cash. c. On April 6, MPG Issues 2,200 shares of $25 par value common stock for $41,000 of inventory, $145,000 of machinery, and eBook acceptance of a $91,000 note payable. Hint View transaction list View journal entry worksheet No Transaction General Journal DebitCredit Print Cash Common stock, $4 par value Paid-in capital in excess of par value, common stock a. Re erences b. Cash Common stock, no-par value c. Inventory Machinery Note payable Common stock, $25 par value